EUR/USD: reverse in to longs targeting 1.1160
|EUR/USD shorts at 1.1110/20 target 1.1085/75 for some profit taking. Try longs at 1.1050/40 with stops below 1.1025.
Stop out of shorts above 1.1145 & reverse in to longs targeting 1.1160/65 & 1.1180/85, perhaps as far as a selling opportunity at 1.1205/15 in to next week.
USD/CAD holding the September low at 1.3133/29 but below here targets 1.3105/00 & a buying opportunity at 1.3090/80, with stops below 1.3060. A weekly close below here is an important sell signal.
A recovery targets 1.3155/60 with first resistance at 1.3175/85. Look for a selling opportunity at 1.3210/20, with stops above 1.3235.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.